Industrial Sector Leads Midday Performance with Notable Stock Gains
As of midday Thursday, the Industrial sector has emerged as the top performer, rising by 0.3%. Key players within this sector include United Airlines Holdings Inc (Symbol: UAL) and L3Harris Technologies Inc (Symbol: LHX), posting gains of 3.0% and 2.5%, respectively. The Industrial Select Sector SPDR ETF (Symbol: XLI), which tracks this sector, also advanced by 0.3% today and has gained 7.87% year-to-date. However, UAL remains down 22.24% year-to-date, while LHX shows a 13.90% year-to-date increase. Together, UAL and LHX account for approximately 1.6% of XLI’s holdings.
The Consumer Products sector follows closely behind, experiencing minimal losses. Among major stocks in this category, Tesla Inc (Symbol: TSLA) and Nike (Symbol: NKE) reported increases of 3.1% and 2.0%, respectively. Meanwhile, the iShares U.S. Consumer Goods ETF (IYK), which monitors this sector, dipped by 0.2% during midday trading, with a year-to-date increase of 7.85%. Tesla is down 14.61% year-to-date, while Nike has fallen 18.61% over the same period.
For a broader perspective, below is a relative Stock price performance chart reflecting these stocks and ETFs over the trailing twelve months. Each stock is represented in a unique color, as shown in the chart legend.
In summary, here’s a snapshot of how the components of the S&P 500 are performing across various sectors in afternoon trading on Thursday:
| Sector | % Change |
|---|---|
| Industrial | +0.3% |
| Consumer Products | 0.0% |
| Energy | -0.0% |
| Services | -0.1% |
| Technology & Communications | -0.1% |
| Healthcare | -0.2% |
| Materials | -0.2% |
| Financial | -0.3% |
| Utilities | -1.0% |
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
